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EAST RUTHERFORD, NJ,
March 11, 2008 -- Management
Dynamics Inc., a leading
provider of global trade
management (GTM) solutions,
today announced support for the
‘10+2’ Rule, proposed by U.S.
Customs and Border Protection (CBP),
and the availability of critical
supply chain visibility and
import compliance capabilities
needed to support importers’
reporting requirements with the
impending ruling.
Published in the Federal
Register on January 2, 2008, the
Notice of Proposed Rulemaking (NPRM)
will require 10 sets of data
from importers 24 hours prior to
container loading for vessel
departure and two sets of data
from ocean carriers no later
than 48 hours after vessel
departure, as a means to improve
the high-risk targeting of
inbound containers for
protecting U.S. borders from
terrorist attacks.
While CBP considers this ruling
a key step to establishing
supply chain security while
facilitating the progression of
global trade, many in the trade
community today do not have the
capability to capture key
information flows needed to
comply with the advance manifest
requirements. Management
Dynamics’ GTM Suite extends
import business processes to
suppliers, forwarders and
brokers and provides the
information backbone to collect,
organize and report the key data
elements in support of the new
10+2 ruling.
“We have extended the
connectivity and compliance
capabilities of our GTM solution
to facilitate 10+2 compliance
for importers and logistics
providers,” said Jim Preuninger,
Chief Executive Officer of
Management Dynamics. “As
security regulations evolve and
the sphere of accountability
expands for importers of record,
global trade management
technologies and information
services are absolutely critical
for the global enterprise.”
Management Dynamics recommends
that an importer take the
following steps to evaluate its
processes and supporting systems
in order to minimize supply
chain disruptions and ensure
compliance with ‘10+2’:
-
Classify
goods prior to the issuance
of the purchase order;
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Secure
identities of all parties
related to the shipment
transaction;
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Gain access
to advance ship notices,
commercial invoices, and
packing lists when goods are
ready to ship from the
factory/supplier;
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Integrate
all supply chain partners to
capture key ‘10+2’
information flows;
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Retain
records of the Importer
Security Filing and the
Carrier Security Filing as
associated with the
shipment for ensuring
end-to-end compliance;
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Measure SLAs
with supply chain partners
on filing timeliness, filing
accuracy, and response time;
and
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Develop a
reporting mechanism to
proactively identify “at
risk” shipments in advance
due to missing
required data.
Please click
here to contact us for
expert advice or to build a GTM
foundation for ‘10+2’ compliance
today.
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